Permissive Waste
Permissive waste is failure to maintain the estate, both physically and financially. Rather than requiring some bad act on the part of the tenant, this requires the failure to maintain ordinary repairs, pay taxes, or pay interest on the mortgage by the life tenant or the lessee of a leasehold estate.
Read more about this topic: Waste (law)
Famous quotes containing the word waste:
“And the one bird singing alone to his nest,
And the one star over the tower.
I thought of our little quarrels and strife,
And the letter that brought me back my ring;
And it all seem’d then, in the waste of life,”
—“Owen” “Meredith” (1831–1891)